AtlantiCare Down Payment Assistance Program

Ang AtlantiCare Down Payment Assistance Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Atlantic City, New Jersey. The AtlantiCare Down Payment Assistance (DPA) Program is a partnership between AtlantiCare (a southern New Jersey healthcare system) and the Address Yourself(TM) homeownership program operated by New Jersey Community Capital. It provides grants up to $10,000 to AtlantiCare employees seeking to become first-time homeowners in Atlantic City. The standard grant is $5,000 anywhere in Atlantic City, with an enhanced $10,000 grant available in five place-based target neighborhoods (Chelsea, Ducktown, Bungalow Park, Venice Park, Midtown). The grant is structured as a 5-year forgivable second mortgage; the borrower must remain in the home for 5 years for full forgiveness. Funding is allocated annually and may pause when fully committed. Provides grants of $5,000 (for any home purchased in Atlantic City) or $10,000 (for homes purchased in select Atlantic City neighborhoods - Chelsea, Ducktown, Bungalow Park, Venice Park, and Midtown) to AtlantiCare healthcare-system employees who are first-time homebuyers. Grants have a 5-year forgivability term: 100% forgiven if the borrower remains in the home for 5 years. full balance repayable on sale or refinance of the first mortgage before the 5-year mark. Ang pondo ay mula sa Employer at Nonprofit.

Pinapatawad ang AtlantiCare Down Payment Assistance Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may Sale of the property or refinance of the first mortgage prior to the 5-year forgiveness period at full unforgiven balance is due. Loan is fully forgiven on the 5th anniversary of closing. Nakatala ang tulong bilang lien sa posisyong 2nd Lien. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang AtlantiCare Down Payment Assistance Program sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": First-time homebuyer requirement applies (NJCC defines first-time as not having owned in prior 3 years per HUD/IRS standards). Tungkol sa credit, sinasabi ng programa: Per first-mortgage product overlay (typically 620+ FICO). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng NJCC- and HUD-approved housing counseling agencies; pre-purchase counseling certificate (within 1 year) required. Requirement sa paninirahan: Property must be located in Atlantic City, NJ and used as the borrower's primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen, qualified non-citizen, or ITIN holder eligible. Restricted to active AtlantiCare employees in good standing. Must be a first-time homebuyer purchasing a primary residence in Atlantic City. Borrower must contribute at least $1,500 of their own funds at the application date. Household income may not exceed 120% of the area median income for Atlantic County. Must enroll in the Address Yourself homeownership program, complete HUD-approved pre-purchase counseling, and obtain a mortgage preapproval from one of NJCC's approved lenders. ITIN holders are eligible.

Nililimitahan ng AtlantiCare Down Payment Assistance Program ang kita ng sambahayan sa 120% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Up to 120% of HUD Area Median Income for Atlantic County, adjusted for household size. 2025 Atlantic County 100% AMI 4-person ~ $98,100; 120% AMI ~ $117,700 (4-person). Range across household sizes 1-8 approximately $62,400 - $117,700 (for 4-person). See HUD AMI tables. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng AtlantiCare Down Payment Assistance Program ang presyo ng pagbili: No published maximum purchase price; subject to first-mortgage product limits and the borrower's ability to repay. Kabilang sa mga kwalipikadong uri ng ari-arian ang 1-4 family residential property occupied as primary residence. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Binabanggit ng AtlantiCare Down Payment Assistance Program ang mga manggagawa sa kalusugan sa mga grupong pinaglilingkuran nito. Ang pagkakabanggit dito ay nangangahulugang binabanggit ng programa ang grupo, hindi na sapat na ang pagiging miyembro para maging kwalipikado ang isang aplikante — nalalapat pa rin ang iba pang patakaran sa eligibility.

Pinaglilingkuran ng AtlantiCare Down Payment Assistance Program ang mga bibili ng bahay sa Atlantic City, New Jersey. Tinutukoy ng programa ang mga partikular na lugar: Enhanced $10,000 grant available only for properties in Atlantic City's Chelsea, Ducktown, Bungalow Park, Venice Park, and Midtown neighborhoods (place-based targeting). AtlantiCare itself serves multiple southern NJ counties (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean, Salem) but the DPA assistance is restricted to home purchases located in Atlantic City.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa AtlantiCare Down Payment Assistance Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Reserved through Address Yourself / NJCC application process once borrower is enrolled, preapproved, and under contract. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.